Happy New Year! It’s 2013! I’ve been posting my yearly changes in assets and debts for the past few years now. One thing I noticed this time around is that the changes in my liquid assets and my student loans are just about the same as they were last time around. How much did my assets and debts change this past year? Check it out:
- Liquid assets (checking and savings accounts, including my new AbleBanking account ): +$15,522
- Retirement (401(k), Roth IRA, Rollover IRA): +$28,369
- Car (edmunds.com private sale value): -$938 (I know there’s a lot of debate over including cars in net worth calculations. I initially included it to make myself feel better about my auto loan, to balance out the ugly dip in my net worth).
- Student Loans: Reduced payoff balance by $11,528 (It helps that I paid off my entire Sallie Mae loan)
- Credit cards: I pay them off every month, but if I want to be exact, I have $713 less to pay off as of the same time last year.
Change in net worth since last year: +$55,194. Booya!
It turns out, I didn’t post very often. Only 26 posts! And quite a few of them talked about fitness. That became quite a focus for me this year. (More on that in a separate post). Though I definitely thought about money and fitness together!
I’m trying not to sweat the small stuff, and keep thinking about the big picture.
My nagging tendency was in full force when I told you that there were NO EXCUSES when it comes to opening an IRA.
I tackled the yearly concern of Benefits Open Enrollment.
I converted my traditional IRA into my Roth IRA. Which also means that the networth numbers will be lowered in the next few months when I have to pay taxes on the converted amount. Shhhhh. Don’t worry, I have the money saved to pay the taxes, but we’ll recalculate things later.
And, even though this is more in the fitness than the personal finance category, I’m really glad I did the Walk For Hunger last year. I look forward to doing it again in 2013!
I mused on twitter that I might try to pay off my entire student loan balance by the end of the year. Not sure yet if I’ll actually do it, but I do have a plan in mind. The cool part about that tweet? The amazing, personal finance queen Gail Vaz-Oxlade replied to my tweet asking how I would do it! So that might become a 2013 personal finance goal.
Happy New Year! How was your 2012? What were your big events (positive or negative) for 2012? What are your big plans for 2013! Please share your own blog posts (if you have them) in the comments, I want to make sure I read all of your year-end wrap ups and your 2013 goals!